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At June 1, Mega Company had total assets of $53,000. During June, the company reported the following transactions:1. collected accounts receivable of $8,700 2. earned
At June 1, Mega Company had total assets of $53,000. During June, the company reported the following transactions:1. collected accounts receivable of $8,700 2. earned revenue of $25,000, of which 40% was received in cash 3. incurred expenses of $18,000, of which 60% were paid in cash Calculate the total assets of Mega Company after these transactions have been recorded
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